West Pharmaceutical Services, Inc. (WST) Receives Consensus Recommendation of “Hold” from Analysts
West Pharmaceutical Services, Inc. (NYSE:WST) has been given an average rating of “Hold” by the seven brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $106.00.
Several research firms have commented on WST. Stephens began coverage on West Pharmaceutical Services in a research report on Tuesday, October 3rd. They issued an “equal weight” rating and a $99.00 price objective on the stock. Zacks Investment Research upgraded West Pharmaceutical Services from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Wells Fargo & Company upped their price objective on West Pharmaceutical Services from $105.00 to $112.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Bank of America lowered West Pharmaceutical Services from a “buy” rating to a “neutral” rating and set a $98.00 price objective on the stock. in a research report on Tuesday, October 17th. Finally, Jefferies Group upgraded West Pharmaceutical Services from a “hold” rating to a “buy” rating and upped their price objective for the stock from $96.00 to $115.00 in a research report on Friday, September 15th.
In other news, CFO William J. Federici sold 21,000 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $99.01, for a total transaction of $2,079,210.00. Following the completion of the transaction, the chief financial officer now directly owns 190,493 shares of the company’s stock, valued at approximately $18,860,711.93. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.90% of the company’s stock.
Shares of West Pharmaceutical Services (NYSE WST) opened at $98.73 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.59 and a quick ratio of 1.87. West Pharmaceutical Services has a 52-week low of $77.97 and a 52-week high of $103.36. The company has a market capitalization of $7,370.00, a P/E ratio of 42.35, a price-to-earnings-growth ratio of 2.10 and a beta of 1.12.
West Pharmaceutical Services (NYSE:WST) last released its quarterly earnings data on Thursday, October 26th. The medical instruments supplier reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.14. West Pharmaceutical Services had a return on equity of 14.47% and a net margin of 12.12%. The business had revenue of $398.20 million for the quarter, compared to analyst estimates of $386.02 million. During the same quarter in the prior year, the firm posted $0.53 EPS. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. sell-side analysts forecast that West Pharmaceutical Services will post 2.76 earnings per share for the current year.
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About West Pharmaceutical Services
West Pharmaceutical Services, Inc is a manufacturer of packaging components and delivery systems for injectable drugs and healthcare products. The Company’s products include vial containment solutions, prefillable systems, self-injection platforms, cartridge systems and components, reconstitution and transfer systems, intradermal delivery solutions, specialty components, and contract manufacturing and analytical services.
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